Author: NBTC
The recent price momentum that we see in the Ethereum market is nothing less than exciting. Don’t you think so? Earlier today, the Ethereum price climbed above the mark of $2,400. Though it slipped below the mark later, it is still notable as a momentum worth mentioning. A crypto trading expert has something more to say about the current price momentum in Ethereum. Let’s listen to what he has to say. Ethereum Price Momentum: What Expert Thinks The post, recently shared by cryptocurrency expert Michael van de Poppe in the X platform, discusses extensively the current price momentum in the…
Launchpads for IDO sales are still a key source of fundraising for small-scale and even medium-range projects. In August, several platforms showed an inflow of new projects, keeping the pace of demand. IDO sales through launchpads have not disappeared, despite new tools to immediately launch meme tokens. The IDO model proved viable for small-scale startups and even medium-range rounds, raising funds similar to seed rounds but also securing a wider distribution of tokens. The IDO model now makes up above 76% of all public token sales, where the ICO direct sale shrank to 2.3%. Direct exchange sales make up the…
Since the report that OpenAI was planning to raise more money came out, the general interest of the crypto community in the top AI cryptos have seen a notable shift. Is this the indication that there are chances for the top AI cryptocurrencies to dominate in the crypto sector in future? The total market cap of AI coins right now is around $23.7 billion, which is just 1.07% of the total cryptocurrency market cap of $2.2 trillion. Let’s try to understand the current scenario. Ready? Release of OpenAI’s GPT-5: What We Should Know ChartGPT is definitely one of the most…
The cryptocurrency exchange Figure Markets is mobilizing Ionic Digital shareholders, staging efforts through social media to shake up the Celsius-linked Bitcoin miner’s board of directors. Ionic, a Texas-based mining firm, emerged from Celsius’ Chapter 11 bankruptcy as a company owned entirely by the failed lender’s creditors. The company became operational in February, aiming to run 127,000 mining machines across five different sites in North America. After a week and a half of outreach, enough Ionic shares have been pledged to Figure to force a board meeting, according to CEO Mike Cagney. In an interview with Decrypt, the SoFi co-founder and…
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, has shared the potential implications of Bitcoin’s (BTC) recent performance on the broader United States stock market. Particularly, in an August 10 X post, McGlone suggested that Bitcoin—a key indicator in the realm of risk assets—might be maturing rapidly, particularly in the context of US exchange-traded funds (ETFs). However, this maturation could be placing considerable pressure on the stock market. He pointed out that Bitcoin has experienced a notable decline from its previous highs, a trend McGlone believes is exposing vulnerabilities within the stock market. As of August 10, 2024, Bitcoin was…
The performance of the market’s favorite altcoin, Ethereum (ETH), has been hampered by problems with its network in the past few months. As these problems persist, ETH’s price troubles may linger longer than anticipated. Ethereum Faces Low User Activity, ETF Sees Outflows The Ethereum network has witnessed a decline in user demand over the past few months. Artemis data shows that the past 90 days have been marked by a 6% drop in the count of unique active addresses that have completed at least one transaction on the Layer 1 (L1) network. A decline in active users on a blockchain…
Donald Trump and his sons have for weeks teased an upcoming cryptocurrency project, but they’ve been light on details in public. Privately, though, the former U.S. president’s inner circle has been quietly shopping around a white paper for World Liberty Financial – and CoinDesk has obtained excerpts. The document and other reporting describe a borrowing and lending service strikingly similar to Dough Finance, a recently hacked blockchain app built by four people listed as World Liberty Financial team members. Other participants include all three of Trump’s sons (including 18-year-old Barron, who is identified as the project’s “DeFi visionary”), financiers and…
The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% average year-to-date growth. The largest PolitiFi token is ConstitutionDAO (PEOPLE), leading with a $385.6 million market cap and showing a 494.3% price increase since the start of the year. Yet, despite having less than half PEOPLE’s market cap at $178.9 million, MAGA (TRUMP) soared 1,350.9% in 2024 Another Trump-related token with a significant performance is the MAGA Hat (MAGA), which has grown 1,292.1% since its inception in May. At a market cap…
Bitcoin (BTC) holders faced a rough period last Monday as the price crashed from $61,000 to $54,000 within a few hours. This decline, tagged as one of the worst days for BTC this year, caused massive losses and liquidations. While the coin has reclaimed the previously lost peak, data shows that the BTC price may still be in danger of another decrease. Bitcoin HODLer Behavior Lacks Confidence A crucial metric fueling this bias is Bitcoin’s Holder Net Position Change. The Holder Net Position Change tracks if long-term holders are accumulating more coins or decreasing their exposure to a cryptocurrency. When…
On-chain data tracking service Lookonchain has revealed a mysterious move from the Ethereum Foundation, a non-profit organization backing the Ethereum (ETH) network. Lookonchain tweeted that the foundation sold 100 ETH a few hours ago. These coins are estimated to be sold for 241,000 DAI, a popular stablecoin token on the Ethereum blockchain. As expected, this move from the foundation has shocked the ETH community. It has injected negative sentiment among holders, as uncertainty is prevailing on the market. Notably, this is not the first sell-off triggered by the Ethereum Foundation. According to Lookonchain, the foundation has sold 2,616 ETH since…